The market rotated out of the large/mega-cap tech stocks today. Markets got a little spooked by better than expected JOLT job openings and the realization that July is probably not a month for a rate cut.
Some recent gainers were hit hard today.
Meanwhile, the Dow stocks shined with the following 15 Dow stocks rising by 1.25% or more
UnitedHealth (UNH): +4.38%
Amgen (AMGN): +4.11%
Sherwin-Williams (SHW): +3.73%
Merck & Co (MRK): +3.25%
Nike (NKE): +3.19%
Honeywell (HON): +2.53%
Johnson & Johnson (JNJ): +2.02%
McDonald’s (MCD): +1.97%
Home Depot (HD): +1.93%
Chevron (CVX): +1.61%
Coca-Cola (KO): +1.38%
3M (MMM): +1.34%
Apple (AAPL): +1.39%
American Express (AXP): +1.31%
Procter & Gamble (PG): +1.24%
The final numbers for the major indices are showing:
Dow industrial average rose 400.29 points or 0.91% at 44495.06S&P index -6.90 points or -0.11% at 6198.05NASDAQ index -166.84 points or -0.82% had 20202.89Russell 2000 rose 20.43 points or 0.94% at 2195.46The day was clearly rotational which is ok as it implies a growing economy, but there is some selling of the rich and buying the less fortunate/poor.
Two days of record closes in the S&P and Nasdaq come to an end.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about flow of funds moves into dow and small cap stocks was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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